Fisal Bank, Audi Bank, United Bank and National Bank of Greece acquired a share of 450 million EGP in the financing of 1.1 Billion EGP. Arab African International bank was Mandated Lead Arranger, Facility & Security Agent for the sake of ANCC, one of ASEC CEMENT companies, as they financed 59.6% of the total investment cost for the new factory that will be located in Menya governorate with a production capacity of 1.6 million tons of clinker, the other banks participated as follows:Fisal Bank: 200million EGPAudi Bank: 100 million EGPUnited Bank and National Bank of Greece: 150 million EGPArab African International Bank: 312 million EGP.The remaining amount will be distributed among Cairo and Alex Bank. The 7 Banks signed on Thursday the final agreement that was designed in accordance with the Equator principles which evaluate and manage the social and environmental risks related to financing the project.

ASEC CEMENT is a platform for investments in emerging cement markets in the Middle East and North Africa Region and was created in November 2005 by Citadel Capital, the MENA region’s leading private equity firm

ASEC Commitment

We seek to achieve and retain the continuous satisfaction of our customer, employees and shareholders because we believe it is the road to success.